An investigation on behalf of current long term investors in Mueller Water Products, Inc. (NYSE: MWA) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
San Diego, CA -- (SBWIRE) -- 08/12/2019 -- An investigation on behalf of current long-term investors in shares of Mueller Water Products, Inc. (NYSE: MWA) concerning potential breaches of fiduciary duties by certain directors and officers of Mueller Water Products, Inc. was announced.
Investors who are current long term investors in Mueller Water Products, Inc. (NYSE: MWA) shares, have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in NYSE: MWA stocks follows a lawsuit filed against Mueller Water Products, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: MWA stocks, concerns whether certain Mueller Water Products, Inc. directors are liable in connection with the allegations made in that lawsuit.
According to that complaint filed in the U.S. District Court for the Southern District of New York the plaintiff alleges that the Defendants made false and/or misleading statements and/or failed to disclose that the Company lacked adequate testing for product quality, that certain products with radio components were susceptible to fail prematurely, that, as a result, the Company was reasonably likely to incur increased expenses, including warranty costs, that these costs would materially impact the Company's financial statements, that the Company lacked adequate internal controls over warranty costs and estimates, and that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Those who purchased shares of Mueller Water Products, Inc. (NYSE: MWA) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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